D2L, Inc. (TSE:DTOL) has released an update.
D2L Inc. has reported a robust fiscal performance for the fourth quarter and full year of 2024, with an 11% increase in total revenue for the quarter and an 8% increase for the year. The company’s subscription and support revenue showed significant growth, and it achieved a 12% rise in Annual Recurring Revenue, alongside a notable improvement in operating cash flow and Adjusted EBITDA. This financial growth is attributed to new customer acquisitions, strong retention, and a focused expansion in the company’s core markets.
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